Title: Note 3: LOAN / LOAN GUARANTEE OUTSTANDING BALANCES
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state spending of the City of Brownsville, Texas (the City) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards. Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. For the year ended September 30, 2022, the City did not elect to use this rate.
The City did not have any federal loans or loan guarantees outstanding during the year ended September 30, 2022.
Title: Note 4: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state spending of the City of Brownsville, Texas (the City) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards. Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. For the year ended September 30, 2022, the City did not elect to use this rate.
Of the federal and state expenditures presented in the schedule, the City provided federal and state awards to subrecipients as follows: Community Development Block Grants/Entitlement Grants 14.218 $520,104Emergency Solutions Grants Program 14.231 $886,226HOME Investment Partnerships Program 14.239 $280,146
Title: Note 5: NONCASH ASSISTANCE AND OTHER
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state spending of the City of Brownsville, Texas (the City) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards. Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. For the year ended September 30, 2022, the City did not elect to use this rate.
The City did not receive any noncash assistance or federally funded insurance during the year ended September 30, 2022.
Title: Note 6: CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state spending of the City of Brownsville, Texas (the City) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards. Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. For the year ended September 30, 2022, the City did not elect to use this rate.
Grant monies received and disbursed by the City are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the City does not believe that such disallowance, if any, would have a material effect on the financial position of the City.
Title: Note 7: FEDERAL PASSTHROUGH FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state spending of the City of Brownsville, Texas (the City) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the Texas Grant Management Standards. Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not represent the financial position of the City.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. For the year ended September 30, 2022, the City did not elect to use this rate.
The City is also the subrecipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal passthrough funds. Federal awards other than those indicated as passthrough are considered to be direct.